ECON 2007 Macroeconomic Theory
Credit Points 10
Legacy Code 200547
Coordinator Mamta Chowdhury Opens in new window
Description Macroeconomic Theory aims to provide alternative theoretical explanations of the working of the macroeconomy. The subject will be based on the analytical narratives of macroeconomic developments taught in Australian Macroeconomy. Starting from the basic IS-LM model, it derives the aggregate demand (AD) curve and examines the components of commodity and money markets. It also analyses the labour market and derives the aggregate supply (AS) curve of an economy. Using the AD-AS model, it examines the interdependent nature of macroeconomic problems (e.g. inflation, unemployment), and the effectiveness of fiscal and monetary policies within a closed economy context. The basic model is then extended to analyse open economy issues (e.g., exchange rates and balance of payments, external shocks and international interdependence). Whenever appropriate, alternative approaches to macroeconomics are evaluated.
School Business
Discipline Econometrics
Student Contribution Band HECS Band 4 10cp
Check your HECS Band contribution amount via the Fees page.
Level Undergraduate Level 2 subject
Pre-requisite(s) ECON 1013
Equivalent Subjects LGYA 4311 - Macroeconomic Analysis
Assumed Knowledge
HSC Mathematics.
Teaching Periods